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How to Build a Customer Retention Strategy

ProProfs Blog

Do you have a customer retention strategy? Companies focus on customer acquisition strategies, since increasing your customer count is the lifeblood of your business. But, customer acquisition won’t help, if you are unable to retain customers. Understand Customer Retention.

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6 Key Factors to Improve Customer Retention

aircall

In 2013, an inventor named Jamie Siminoff appeared on the hit TV show, Shark Tank , hoping to land an investor for his company. Many look to the company for ways to improve customer retention. Many look to the company for ways to improve customer retention. Email: Ring’s Secret to Improve Customer Retention.

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Product-led Growth: What It Is and Why You Need It

Totango

SaaS businesses adopt product-led marketing to lower customer acquisition costs while improving customer retention and accelerating revenue growth. Product-led growth is a marketing, sales, and customer retention strategy that relies on the customer’s experience with the product to drive purchases.

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100+ Customer Experience Stats to Prepare for 2023

CCNG

(Oracle, 2011) Businesses have a 60 to 70% chance of selling to an existing customer while the probability of selling to a new prospect is only 5% to 20%. Marketing Metrics, 2010) Increasing customer retention rates by 5% increases profits anywhere from 25% to 95%. CCMC, 2017) 56% of customers with a problem experienced rage.

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Guest Blog: Five important trends impacting customer service today and into 2019

teleopti

Our latest report, 2018 World Market for Workforce Management Systems , examines 30 individual trends affecting business and customer service. Here are five trends that we believe will continue to have a broad impact on contact center management practices and technology deployment. One is increasing the lifetime value of a customer.

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Customer Experience Experts you Need to Follow!

JustCall

Her work includes focusing on CRM (Customer Relationship Management) and also customer service. Leggett has extensive expertise in market trends, research, best practices, and technologies. She can also be seen sharing valuable insights related to customer service on Twitter. Revisiting basics. Mila D’Antonio.

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The current state of Customer Experience and how I would like it to be

Customer Guru

Each year, a new wave of technological advancements is introduced to customers. Companies that are not using technology to connect and interact with their customers are becoming irrelevant for the consumer. Source: Oracle Global CX Study, 2013. I know you might wonder that the data is quite old.